Iran General NewsIran says OPEC will not lift output ceiling

Iran says OPEC will not lift output ceiling

-

Reuters: Iran’s caretaker oil minister said on Saturday that OPEC was opposed to any increase in output ceilings in the absence of “well-studied justifications”.

TEHRAN, July 9 (Reuters) – Iran’s caretaker oil minister said on Saturday that OPEC was opposed to any increase in output ceilings in the absence of “well-studied justifications”.

“Iran’s policy as head of OPEC is to maintain the production ceiling of this organisation,” Mohammad Aliabadi was quoted as saying by the semi-official Mehr news agency.

“It is an issue which a majority of OPEC members agree with.” Iran holds the rotating OPEC presidency.

Iran was a leading opponent of Saudi Arabia’s U.S.-backed push for oil exporter group OPEC to agree to a coordinated increase in production at its last meeting on June 8.

Having failed to get Iran, Venezuela and Algeria to agree to an official OPEC increase, the world’s biggest crude exporter said it would up production and sell as much oil as customers around the world wanted.

Iran has accused Saudi Arabia of seeking to grab market share from other OPEC members.

(Reporting by Ramin Mostafavi; Writing by Robin Pomeroy, editing by Miral Fahmy)

Latest news

Iran Candidates Spend Third Debate Displaying Infighting

The Iranian presidential candidates spent the third debate accusing each other of corruption and other crimes, which showed how...

Apathy in Presidential Election Is Not Because of Disqualifications, Iranian Officials Say

These days, Iranian officials’ main concerns are over a public boycott of the coming Presidential election on June 18....

Iranian Candidates Shed Light on Forged Certificates

In less than a week, the Islamic Republic will hold its 13th Presidential election. Observers and even officials and...

Iran Dispatches Terror Squads to Iraq: Militia Commander Confesses

“Confessions made by Qassem Musleh al-Khafaji, one of commanders of Iran-backed Popular Mobilization Units (PMU) in al-Anbar governorate, unveiled...

Iran’s Presidential Candidates Deliberately Ignore Crises Caused by the Neglect of the Social Sphere

One of the main crises in Iran, caused by the mullahs’ underdeveloped culture, is the social crisis. On the...

Satellite Footage Shows Tehran Never Stopped Nuclear Bomb-Making Projects

On June 9, Fox News revealed unusual activity at the Sanjarian nuclear site in 25 miles outside the capital...

Must read

Iran-Russia trade falls by half in first quarter – report

Iran Focus: London, Aug. 25 – Trade between Iran...

Iran: U.N. report blasts human rights offenses

New York Times: A United Nations investigator of Iran’s...

You might also likeRELATED
Recommended to you